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5 trends that are sparking a renewed interest in GPS for commercial vehicles.

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How a GPS Tracking System Overcomes Common Challenge.

More and more companies are turning to GPS for commercial vehicles. They need to know exactly where their fleet is at any moment of the day. But what is driving their decision to implement a commercial GPS tracking system? We have identified 5 trends.

#1 – The Need to Prolong the Life of Vehicles and Equipment.

What is one of the most expensive aspects of your business? Your fleet of vehicles and equipment. Which means, as a business owner, you want to get the most out of each piece of equipment before replacing. Vehicle tracking systems are one way to do that. With these installed, you receive real-time data on things like usage hours, driving habits and more. You can better manage your vehicle and equipment life cycle to determine whether it’s time to invest in new ones.  The ability to create maintenance reports and reminders enhance the system.

#2 – The Need to Improve Worker Safety

Another one of your biggest assets is your people. The company must ensure that employees are operating equipment and vehicles properly at all times. With a GPS tracking system, you can monitor for things like excessive speeding and reckless operating habits. You can then act on these insights to prevent any harm to your people. Or to your expensive equipment. Additionally, many companies have an emergency button installed which enables instant location information when an issue arises.

#3 – The Upcoming ELD Mandate and IFTA Reporting

Beginning on 12/18/17, a new electronic logging device mandate takes effect. Companies will be required by law to log driving time and hours of service (HOS) electronically. Many companies are trying to stay ahead of the curve, and install the electronic logs, or Elogs as they’re often called, sooner rather than later.  The benefit of these systems includes a lower crash rate, and less time and manpower spent completing paperwork.  Electronically recording mileage by state saves time and money for IFTA reporting, no waiting for drivers logs or inaccuracies.

#4 – The Need for Better Theft Protection

Unfortunately, your equipment is a target for theft. In a recent Dewalt study, over 50% of those surveyed responded that they have experienced equipment theft in the last 12 months. Asset tracking can prevent this. Tracking devices can be installed on both non-motorized and motorized equipment. They then send out specific signals on specific frequencies. Non-motorized units usually send a signal at least one time per day. If you notice something wrong, this frequency can be increased to better serve your current situation. Motorized equipment send signals every 30 seconds, allowing for real-time location information.

#5 – The Need to Cut Costs to Save Money

As a business owner, you’re always trying to save money and cut costs. GPS for commercial vehicles can do exactly that. First, it allows you to reduce fuel usage. By understanding things like acceleration, harsh braking, idling and routes better you can increase your fleet’s fuel efficiency. Additionally, many times it will lead to lower insurance rates due to a decrease in accidents and the additional theft protection provided by asset tracking.

Ultimately, commercial vehicle GPS will help maintain your vehicles and equipment safely and efficiently. It arms you with the data and insights you need to optimize usage – there’s no need to ask, you know. If you’d like to learn more, consider signing up for a demo of Boston Global Tracking. Let us show you how to take your fleet to the next level.

2016 Section 179 Expiring Soon – Act Now to Save!

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As the year is quickly coming to an end it is time to think about how your taxes will be affected for the year.  One thing many businesses consider is purchasing new equipment.

If you are considering acquiring equipment in the near future or are a supplier looking to save your customers money, Section 179 impacts you!

As part of the IRS Tax Code, Section 179 allows businesses to deduct the full purchase price of certain assets financed or leased and put into service during the tax year. Accelerating depreciation rather than spreading the deduction over the item’s useful life provides a larger tax deduction come tax time. With a $500,000 maximum deduction available, you could keep a lot more money in your pocket.

Additionally, since Section 179 covers new and used equipment or software, you can get the equipment you need now, take the full tax benefit now, and spread your expense over a multi-year financing term, thus significantly reducing your true cost of ownership.

Equipment could be things like new vans or trucks, tools, heavy duty equipment and even a GPS tracking system to help manage your business.

It is important to contact your tax advisor before making a purchase to make sure you qualify and what impact a substantial purchase would have on your taxes.

For more details go to the following website:

http://www.section179.org/

 

New Study Verifies Value of GPS Fleet Tracking

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Research Verifies GPS Fleet Tracking Services Value

The Aberdeen Group, one of America’s most trusted names in business intelligence, has been researching the mobile service business market as to what are the external market conditions that are driving organizations with mobile workforces to adopt GPS Fleet Tracking technology as a means to increase profitability.

The information compiled here provides a synopsis of four recent Aberdeen Group studies. These findings present a compelling argument for the value of real-time, GPS fleet tracking in terms of being able to reduce key operating costs, improve on vehicle and operator performance and increase customer satisfaction.

Key facts from the Aberdeen Group studies:

A majority of leading service companies are using fleet management solutions to realize benefits such as a 12.2% increase in service profitability, 14.8% reduction in average travel time per job, 9.9% decrease in overtime pay and 27.9% increase in operator compliance.

• Firms have reduced overall operating expenses an average of $1,100 per vehicle per year.
• Since leveraging location intelligence, firms have seen a 13.2% reduction in fuel costs and a 13.4% reduction in overtime costs, on average.
• Customer demand for faster service call resolution along with increasing service-related costs are the leading factors driving field service
firms to implement GPS fleet tracking services.
• Firms using GPS fleet tracking services are outperforming their peers by 43% in terms of current workforce utilization.
• Firms using GPS fleet tracking services are two times as successful as all others in meeting service response windows.

Savings from reduction in operating costs alone justify ROI

57% of best-in-class companies reduced their operating costs per vehicle by an average of 10.4%. The survey revealed that the average operating costs per mile was 33 cents and the average miles driven per year were 33,243. Based on this information, the annual savings from reduction in operating costs alone can amount to $1,100 per vehicle.

The bottom line

Investing in GPS tracking is no longer a matter of “if ” for businesses with mobile workforces, but “when.” Aberdeen Group’s research confirms that in the face of economic and market-driven pressures to cut costs, service organizations are increasingly turning to GPS fleet tracking technologies to improve their vehicle tracking, routing, and  maintenance management. These firms are recognizing the potential of these services not only to cut costs, but also to increase vehicle utilization rates, service delivery performance and customer satisfaction.

Boston Global Tracking is the premier GPS tracking provider in Eastern Massachusetts with over 15 years of GPS tracking experience. Our mission is to provide the best service with the best most accurate tracking system on the market today.  Take advantage of the 2 week  free trial offer to see for yourself what GPS fleet tracking can do for your business.